Construction & Information Technology Project Planning

Construction & Information Technology Project Planning

Introduction

The project planning is highly regarded by most companies these days. The importance of project planning regardless of its orientation plays a pivotal role in the success of the project. It includes various components such as scheduling and risk management along with other significant factors impacting the overall project. This paper aims to discuss the issues and conclusions regarding project planning, scheduling and risk management from the construction case (CEIM Reporter , 2011) that also apply to information technology projects.

Discussion

The conventional and traditional projects comprise of phases in project management, planning, scheduling, and risk management. Information technology plays essential part in construction (Arai, 1993). There are many issues and challenges faced by the companies pertaining to construction business which can be related to information technology projects. Some of the major issues involve the proper estimation of timelines for the purpose project management scheduling. Thus, the time frames of each stage in the project should be adequately outlined to follow. This might remove the ambiguity of project completion. Projects involve risks which should be mitigated and minimized in order to remain in the profitable region. Thus, organizations strive towards the effective risk aversion approaches to provide profits to the stakeholders.

Planning of project is the first and foremost stage in any project. This requires knowledge and constant vigilance to plan a successful project and overcome any obstacles. The construction business has several stages in project planning which are ambiguous in the beginning. Thus, organizing the various aspects of the project initiation in the inception stage enables establishment of schedules to achieve the objectives. Similarly, risk management is also needed at every stage which involves investment in its prime sense. The risks are generally averted and mitigated by implementing various theories and approaches. Development of chart scale enables the formation and categorization of a broad project into smaller constituent plans for effective management. They are segregated in order to control and monitor the project well.

There is a wide assortment of techniques which are utilized for the purpose of successful project planning, scheduling, and risk management. This requires the analysis of factors related to the project such as the strengths, weaknesses, and consequences of schedule management practices. Such practices are parallel to information technology projects along with the construction sector. It can be stated that the common phases of planning might be similar. Therefore, the issues might also resemble in their nature. The issues and challenges prevail in every project. This implies existence of these challenges in information technology projects as well (Chang, 2004).

Managers who are involved in the planning of project should consider the various aspects such as internal and external factors. One of the main challenges experienced by the managers is the forecasting of risk and scheduling. The reason for emphasizing on these particular planning stages is the complexity and significance in successful project management. Another reason is the time and cost reduction through initial effective ...